New Delhi: Moneyboxx Finance Limited (“Moneyboxx” or “the Company”), a listed NBFC serving micro and small enterprises across semi-urban and rural India, has received ₹84 crore of fresh debt funding. This comprises ₹35 crore from existing lender Indian Overseas Bank, ₹20 crore from Bandhan Bank, which joins as a new banking partner, and ₹29 crore from two NBFC lenders.
Together with the ₹60 crore NCD issuance subscribed by Choice Finserv, Vakrangee and Vivriti Capital earlier this month, Moneyboxx has received ₹144 crore of debt funding in September, all of it fully drawn. The funding comes from a public-sector bank, a private bank, NBFCs and capital-market investors, which reflects the growing depth and diversification of the Company’s funding base.
The funding comes as Moneyboxx prepares for a significant step-up in disbursements. Over the past year, the Company has strengthened its portfolio through a growing secured MSME book, larger average ticket sizes, risk- sharing arrangements with its partners and an improved borrower credit profile. Alongside its branch network, Moneyboxx is scaling partnership-led origination through Loom Solar (rooftop solar finance), Akshayakalpa (dairy and livestock finance) and Bachatt (digital lending), among others.
Deepak Aggarwal, Co-Founder and Co-CEO, Moneyboxx Finance Limited, said, “Welcoming Bandhan Bank as a new partner while deepening our relationship with Indian Overseas Bank is an encouraging endorsement of the work, we have done to strengthen the Moneyboxx franchise. Lenders are responding to a fundamentally stronger portfolio, one that is built on a solid secured MSME foundation, better diversified and backed by improving credit quality.
With ₹144 crore of funding now received across banks, NBFCs and capital markets, our focus shifts squarely to execution: scaling disbursements across secured MSME, rooftop solar, livestock and digital lending, and translating that growth into sustained AUM expansion and progressively stronger financial performance.”
